The rich bankers who fled Britain

The number of bankers in the European Union who earned more than a million euros in 2019 remained stable, but the United Kingdom has seen some of its wealthiest people join the continent over Brexit, the authority revealed on Wednesday. European Bank (ABE) .

A total of 4,963 EU bankers received remuneration of more than one million euros in 2019. In 2018, they were 4,938. The United Kingdom continues to focus on most of them as almost 70% of these senior incomes lived across the channel in 2019, that is, before the United Kingdom actually left the European Union.

100 rich bankers lost with Brexit

However, compared to 2018, the country saw a decline of 95 people in its number of wealthy bankers, a decrease of 2.63%. This development can be explained by the transfer of staff (…) as part of preparations for Brexit, the banking authority notes that the fall in the pound sterling had no significant effect. In contrast, in 2019, i.e. before the outbreak of the COVID-19 pandemic, the number of bankers earning more than one million euros grew by 15% in Italy (with 241 people), in France by 15% (270 people) and in 9 by 17%. increased. % in Germany (492 people).

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In addition to Brexit, these increases can also be explained by good financial results and the restructuring that led to higher severance payments, specifies the report of the European Banking Authority. More than two thirds of these high earners earned between one and two million euros during the year. However, a Briton earned between 64 and 65 million euros, the highest level since the figure was introduced in 2014.

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